Amazon Plans To Open Dozens Of Grocery Stores Across US

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Mark Borkowski 1 year ago Contributor's comment

Esther Fung and Heather Haddon of the Wall Street Journal have a reputation for accurate reporting. Hard to believe that Amazon is considering moving into one of the most competitive and low margin businesses in North America. Unless they acquire the real estate properties they hope to occupy, hard to believe that this will be a good investment. On the other hand, in major markets, major players can dictate the lease rates they wish to pay. Owning real estate does not make sense. The master is Wal-Mart. Some of the leaked lease rates paid in Florida, California, Toronto (Canada) are so low, institutional landlords need to give away their space. No increases in rates for 15 years is common. At the moment, lots of real-estate with few triple-A tenants.